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with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
guns on something he's done his entire presidency, which is when there's a big bill that needs to get through congress, whether health care, whether the stimulus or whether this, he lets congress handle the details. he doesn't present his own legislation. he doesn't say here's my plan. let's amend from this. it's instead, trying to let's grab a piece here, let's grab a piece there. let congress do all the talking. we'll see. it is one of those debates that takes place among folks that observe this president from the outside wondering why does he keep doing it this way. who will win the battle long term? john boehner and harry reid teed up that fight yesterday. >> two groups of people from two different planets who barely understand the language of the other one. they're two remarkably different visions for what the appropriate role of the government should be in our society. how our country operates. it's stark and it would shock most americans. >> any time around here with the new tea party philosophy, they seem to think they have an all-knowing wisdom about the constitution. in shor
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